Oil Trading Set Buy Stop Oil Trade Order & Sell Stop Oil Order in MT4

How Do I Trade Oil Trading & Set Buy Stop Oil Trade Order & Sell Stop Oil Trade Order on MetaTrader 4 Platform?

Setting Buy and Sell Stop Oil Trading Orders on MetaTrader 4 Platform

Open a oil trading Crude Oil Chart - Right Click on Oil Trading Chart, Select New Oil Order, then Follow the steps below:

Step1: Select Pending order as illustrated below

Step2: Select Pending order Menu as Show below

Step3: Select Buy Stop Oil Trading Order or Sell Stop Oil Trading Order

Step4: Click 'Place' Order

Set Buy Stop Oil Trade Order & Sell Stop Oil Trade Order on MetaTrader 4 Software?

Pending Stop Oil Trading Orders Crude Oil Trading Orders

These are pending oil orders to buy above the crude oil market or to sell below the crude oil market.

• Buy Stop Oil Trading OrderAn order to buy at a level above the crude oil market oil price.

• Sell Stop Crude Oil Trading OrderAn order to sell at a level below the crude oil market oil price.

Oil Trading Set Buy Stop Oil Trade Order & Sell Stop Oil Trade Order on MetaTrader 4 Software?

These pending oil orders are used by traders wanting to trade a setup like consolidation crude oil pattern but they do not want to wait & watch the oil prices all day long until there is a oil price break-out. Therefore oil traders will set these pending oil orders above & below crude oil price & a break-out in any of these direction will execute one of these pending oil orders & a buy oil trade or a sell crude oil trade will automatically be executed & opened.

Buy Stop Oil Trading Order

In the example below a buy stop oil order was placed to buy at a level above the current market oil price.

The crude oil price then went up to hit the order, & afterward oil price continued to move upward.

Oil Trading Set Buy Stop Oil Trade Order & Sell Stop Oil Trade Order on MetaTrader 4 Software?

How Do You Trade Oil Trading & Set Buy Stop Oil Trade Order & Sell Stop Oil Trade Order on MetaTrader 4 Software?

A Buy trade was generated from the above pending oil order when the crude oil price broke a resistance line in the first examples & when there was an upwards breakout after a oil market consolidation.

Sell Stop Crude Oil Order

In the crude oil trading example explained below a sell stop oil order was placed to sell at a level below the current market oil price.

The oil price then went down to hit the order, & afterward the downward move continued

How Do You Trade Oil Trading & Set Buy Stop Oil Trade Order & Sell Stop Oil Trade Order on MetaTrader 4 Software?

How Do You Trade Oil Trading & Set Buy Stop Oil Trade Order & Sell Stop Oil Trade Order on MetaTrader 4 Software?

A Sell trade was generated from the above pending sell stop oil order after support line is broken after a consolidation crude oil chart pattern.

How Do You Trade Oil Trading & Set Buy Stop Oil Trade Order & Sell Stop Oil Order on MetaTrader 4